Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to support the operations and investments of FTX and Alameda and to fund speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donations to Democrats and Repub...
The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle.
In addition, Bankman-Fried wired maximum individual donations to Boozman and incumbent Republican Sens. Susan Collins of Maine, Richard Burr of North Carolina, Bill Cassidy of Louisiana, John Hoeven of North Dakota and Lisa Murkowski of Alaska throughout the election cycle. Sen.-elect Katie Britt...
Bankman-Fried's donations made him the second-largest donor to Democrats in the cycle, behind only George Soros who donated nearly $127 million. Meanwhile, amassive liquidity crisisforced FTX to file for bankruptcy last week. Bankman-Fried's net worth subsequently dropped from an...
Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to fund his businesses and speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donations to Democrats and Republicans in an attempt to buy influence over cry...
turn of events for Bankman-Fried, who was hailed as somewhat of a savior earlier this year when he helped shore up a number of cryptocurrency companies that ran into financial trouble. He was recently estimated to be worth $23 billion and has been a prominent political donor to Democrats. ...
In keeping with his previous commitment to effective altruism, he also established himself as a prolific philanthropist and political donor. Among a slew of donations made primarily to Democrats, Bankman-Fried gave $5.2 million in support of Joe Biden's 2020 presidential bid, making him the campai...
He was a prominent personality in Washington, donating millions of dollars to Democrats and Republicans. U.S. Attorney Williams said Tuesday that Bankman-Fried made "tens of millions of dollars" in illegal campaign donations. His wealth unraveled quickly last month, when reports called into ...
In episode 106 of the All-In podcast with Paypal co-founder David Sacks, angel investor David Friedberg and Uber investor Jason Calacanis, Palihapitiya said because of Sam Bankman-Fried’s upbringing, private education and political donations, mainstream media “fell for it and embraced him.” ...
According to the indictment, Bankman-Fried stole $8 billion from FTX investors and customers and used it to pay debts and expenses of Alameda Research, his privately held hedge fund. He also used the money to purchase lavish real estate and make political donations to m...